Sector Update: Energy

MT Newswires Live01:13

Energy stocks were lower Wednesday afternoon, with the NYSE Energy Sector Index decreasing 0.6% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.5%.

The Philadelphia Oil Service Sector Index fell 1.3%, and the Dow Jones US Utilities Index was down 0.4%.

Front-month West Texas Intermediate crude oil increased 0.9% to $76.72 a barrel, and the global benchmark Brent crude contract added 0.7% to $79.50 a barrel. Henry Hub natural gas futures fell 2.3% to $3.17 per 1 million BTU.

In corporate news, Exxon Mobil (XOM) has a preliminary deal to supply liquefied natural gas to South Africa, Bloomberg reported. Exxon shares were down 0.2%.

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